The Transcript 09.21.20

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Succinct Summary: This has been an incredibly difficult operating environment but we're all learning to live in a world with Covid.  Economic activity is much better than anyone expected and government officials are pushing for even more stimulus.  The Fed expects to keep interest rates at zero until 2023. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.

The Transcript 06.22.20

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Succinct Summary: Demand continues to bounce back but there are signs that a second wave of Covid may be bubbling up. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.

The Transcript 05.11.20

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Succinct Summary: Companies are reporting signs of improvement in the economy. But the rebound is coming off such a low base that these numbers would still be considered very bad in any other environment. The duration of this rebound will depend heavily on whether or not there's a second wave of infections. Still, even without the virus it probably will take the economy a long time to recover from such a severe shock.  On an industry basis: private capital markets are searching for price levels; consumers are dreaming of the future; tech is chugging along; and the industrial/energy economy is feeling immense pain. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.